In what might be its first venture into the European Union, PayPal stated on Wednesday that it will extend its cryptocurrency business to Luxembourg in the following days. PayPal Makes Entry Into Luxembourg When the Markets in Crypto Assets (MiCA) rule takes effect, Luxembourg, which has PayPal’s EU headquarters, may act as a bridge for the other 26 nations in the union. Theoretically, this regulatory system should grant licenses to businesses established in any member state that allow them to provide services across the entire EU through a procedure known as passporting. Binance And Coinbase to Follow the Same Path In The post PayPal Extends Cryptocurrency Service to Luxembourg appeared first on Cryptoknowmics-Crypto News and Media Platform .
